Direxion Daily NFLX Bull 2X Shares (NASDAQ:NFXL) Stock Price Down 6.1% – What’s Next?

Shares of Direxion Daily NFLX Bull 2X Shares (NASDAQ:NFXL) traded down 6.1% during mid-day trading on Thursday . The company traded as low as $27.17 and last traded at $27.79. 409,327 shares changed hands during mid-day trading, a decline of 65% from the average session volume of 1,180,410 shares. The stock had previously closed at $29.61.

Direxion Daily NFLX Bull 2X Shares Trading Down 6.1%

The business has a fifty day moving average of $25.72 and a 200 day moving average of $39.12.

Direxion Daily NFLX Bull 2X Shares Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Tuesday, December 23rd were issued a dividend of $0.1701 per share. The ex-dividend date of this dividend was Tuesday, December 23rd. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.4%.

Institutional Investors Weigh In On Direxion Daily NFLX Bull 2X Shares

Several hedge funds have recently added to or reduced their stakes in NFXL. Bank of Montreal Can bought a new stake in shares of Direxion Daily NFLX Bull 2X Shares in the second quarter valued at about $37,000. SBI Securities Co. Ltd. raised its stake in Direxion Daily NFLX Bull 2X Shares by 824.7% in the 4th quarter. SBI Securities Co. Ltd. now owns 1,387 shares of the company’s stock worth $43,000 after purchasing an additional 1,237 shares in the last quarter. Hollencrest Capital Management raised its stake in Direxion Daily NFLX Bull 2X Shares by 566.7% in the 2nd quarter. Hollencrest Capital Management now owns 1,000 shares of the company’s stock worth $74,000 after purchasing an additional 850 shares in the last quarter. Optiver Holding B.V. boosted its holdings in Direxion Daily NFLX Bull 2X Shares by 72.4% in the 3rd quarter. Optiver Holding B.V. now owns 3,063 shares of the company’s stock valued at $172,000 after purchasing an additional 1,286 shares during the period. Finally, Traynor Capital Management Inc. boosted its holdings in Direxion Daily NFLX Bull 2X Shares by 9.2% in the 3rd quarter. Traynor Capital Management Inc. now owns 5,930 shares of the company’s stock valued at $332,000 after purchasing an additional 498 shares during the period.

Direxion Daily NFLX Bull 2X Shares Company Profile

The Direxion Daily NFLX Bull 2X Shares (NFXL) is an exchange-traded fund that mostly invests in communication services equity. The fund provides 2x leveraged exposure, less fees and expenses, to the daily price movement for shares of Netflix stock. NFXL was launched on Oct 3, 2024 and is issued by Direxion.